Andrae S Wiggins
New Investor looking to purchase their first property
4 February 2025 | 13 replies
Welcome @Andrae S WigginsThere are REI opportunities in different markets - markets in the Midwest and Southeast of the country are great - where not only are the purchase prices reasonable for most RE investors, but the homes are turnkey (new builds or completely rehabbed homes, tenant ready, systems 10 years of life remaining on them, property management teams in place) with appreciating home value AND appreciating rent.
Bruce D. Kowal
Cost Segregation Studies: The Hidden Passive Activity Loss Trap 🏢
31 January 2025 | 7 replies
Consult with a qualified tax advisor who understands these limitations and can help develop a comprehensive strategy aligned with your specific situation.Remember: The best tax planning looks beyond immediate deductions to your complete financial picture.
David Jesperson
Fix and Flip First Experience
17 January 2025 | 5 replies
Don't split the work between multiple contractors if possible, finding one to do all or most of the work will keep prices down.Challenges were finding replacement pieces for certain items as manufactured homes were very different than stick built as well as going through state guidelines for affixing the house to the land Hey @David Jesperson, welcome to the BP Forum and congrats on completing your first solo deal AND making a nice profit!
Grant Shipman
Do you believe that Co-Living investment is the fastest way to financial freedom?
1 February 2025 | 17 replies
If there's a lot more headache- then I encourage you to implement or improve a Complete Household System, try to get SFR's with 6-11 bedrooms, no more than 3 rooms per 3/4-Full bathroom, and make sure there's one (not more than one) beautiful living room with a big screen TV.
Chris Summons
Contracts for Sub Contractors to Sign
14 January 2025 | 4 replies
Project TimelineStart Date: [Insert Start Date].Completion Date: [Insert Completion Date].Working Hours Allowed: [Specify working hours, e.g., 8 AM – 5 PM, Mon – Fri].3.
Anthony F.
Pay Off Second Home or Leverage into New Property
4 February 2025 | 11 replies
It sounds like you want cash flow and to scale, in this time and most markets you need to find a deal where you can add value.
John Burtle
Building my first spec home!
31 January 2025 | 29 replies
In fill lots with no hair on them 9 to 12 months start to finish My 90 lot project about 5 years from dirt to completion.
Gary Bonds
Remote Str Start Up
7 February 2025 | 14 replies
If you are buying in a more metro area, there will be lots of choices.In our area, we are quite rural and I couldn't guarantee that I would find the resources to do setup completely remotely.
Nick Henry
Appreciation or Cash Flow Focus When Starting Out
3 February 2025 | 32 replies
That all sounds good and I'll take a look into that market.
Justin R.
Who has moved from QBO to Rentastic (or other RE based software)
27 January 2025 | 17 replies
For me, the reports available in Baselane are ideal, but I'm also not trying to run a different business through it like it sounds like you may be doing.